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Investment analysts at MLV & Co
began coverage on shares of Scorpio Bulkers (NASDAQ:SALT) in a note issued to investors on Wednesday. The firm set a “buy” rating on the stock.

Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Scorpio Bulkers in a research note on Tuesday, April 15th. They now have a $18.00 price target on the stock. Finally, analysts at Evercore Partners raised their price target on shares of Scorpio Bulkers from $14.00 to $15.00 in a research note on Wednesday, March 5th. Six research analysts have rated the stock with a buy rating, Scorpio Bulkers has a consensus rating of “Buy” and a consensus price target of $14.00.

Shares of Scorpio Bulkers (NASDAQ:SALT) opened at 9.21 on Wednesday. Scorpio Bulkers has a 52 week low of $8.30 and a 52 week high of $10.73. The stock has a 50-day moving average of $8.98 and a 200-day moving average of $9.54. The company’s market cap is $1.221 billion.

Scorpio Bulkers (NASDAQ:SALT) last posted its quarterly earnings results on Wednesday, April 30th. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.02) by $0.06. The company had revenue of $5.47 million for the quarter, compared to the consensus estimate of $4.41 million. Analysts expect that Scorpio Bulkers will post $-0.22 EPS for the current fiscal year.

Scorpio Bulkers Inc is a company engaged in marine transportation, based in the Marshall Islands. It is a provider of transportation services of dry bulk commodities.

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